5 / 7 Relevant items tagged with #Australia

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Australia's financial regulator cancels license for FTX's local entity

[Jul 18, 2023 9:31 PM] ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely.

National Australia Bank joins crypto exchange boycott, cites ‘scams’

[Jul 17, 2023 2:09 AM] National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams.

From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10

[Jul 10, 2023 2:00 PM] South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023.

Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion

[Jul 9, 2023 2:30 PM] A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive…

Binance Australia’s Offices Searched by Financial Regulator: Bloomberg

[Jul 5, 2023 2:07 AM] The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings

Binance Australia offices reportedly searched by local regulator

[Jul 5, 2023 1:18 AM] Binance said it’s cooperating with Australian regulators to meet local regulatory requirements amid reports of office searches.

Crypto Biz: Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion

[Jun 30, 2023 3:30 PM] This week’s Crypto Biz looks at the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving, and Bitfinex’s expansion in Latin America.

CBDCs aren't about solving today's problems — Australia's CBDC lead

[Jun 29, 2023 9:21 PM] Dilip Rao, a former Ripple executive who's now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.

Crypto debanking could drive industry underground: Australia Treasury

[Jun 29, 2023 3:08 AM] The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams.

Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue

[Jun 28, 2023 4:42 AM] Australia's Treasury said on Wednesday it recognises the seriousness of de-banking and that it understands inaction could drive business underground after instances of banking partners cutting-off crypto platforms in the nation.

Binance Australia got 12 hours' notice before it was debanked, says exec

[Jun 26, 2023 9:14 PM] Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May.

Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move

[Jun 20, 2023 7:13 AM] Payments provider Cuscal, through its partner Zepto, has brought new banking restrictions on cryptocurrency exchanges in Australia.

Australian Data Center Startup Arkon Expands to U.S. With $26M in Fresh Funding

[Jun 20, 2023 3:25 AM] CEO Joshua Payne said he expects the acquisition of a data center in Hannibal, Ohio to be "the first of several" over the next year.

Australia's crypto laws risk being outpaced by emerging markets: Think tank

[Jun 19, 2023 9:31 PM] Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph.

Australia's Crypto Industry Body Denounces Recent Banking Restrictions

[Jun 14, 2023 4:20 AM] Blockchain Australia said it wants to tackle the issue "head-on by using real data," after reports that banks in the country were blocking payments to crypto exchanges.

Biggest Bank in Australia to Limit Transfers to Crypto Exchanges

[Jun 8, 2023 10:00 PM] Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit…

Australian Bank Takes Stance Against Payments To Select Crypto Exchanges

[Jun 8, 2023 7:10 AM] Due to concerns over the risk of scams, Australia’s largest bank, Commonwealth Banks (CBA), has recently announced the temporary delay of certain payments associated with crypto exchanges. This decision arose after the United States…

Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges

[Jun 8, 2023 6:30 AM] The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.

Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On

[Jun 2, 2023 2:31 AM] Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month.

What will Binance Australia services look like after debanking?

[Jun 1, 2023 12:30 PM] Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs.

Australia asks if ‘high-risk’ AI should be banned in surprise consultation

[May 31, 2023 11:59 PM] The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector.

Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao

[May 31, 2023 11:30 PM] Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with…

Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country

[May 30, 2023 12:08 PM] The exchange halted Australian dollar bank transfers early May.

Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt

[May 30, 2023 11:30 AM] Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange…

Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes

[May 29, 2023 11:50 PM] One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there.

Crypto exchange TrigonX latest to emerge from the FTX rubble

[May 29, 2023 10:12 PM] TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.

Australian stock exchange officially abandons blockchain plans: Report

[May 19, 2023 1:38 AM] ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors.

Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks

[May 18, 2023 2:49 AM] One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams.

Binance Australia Halts Australian Dollar Bank Transfers

[May 18, 2023 12:25 AM] Exchange blames third-party payment providers, and says that credit as well as debit cards can still be used.

Binance Australia suspends AUD fiat services, citing issues with third party

[May 17, 2023 8:24 PM] Australian dollar deposits and withdrawals have been impacted due to a decision made by its third-party provider, it said in an announcement.